Content Management Summit
Evan Prodromou <evan <at> prodromou.san-francisco.ca.us>
2002-09-16 01:28:43 GMT
Got this in my spam folder recently.
----- Original Message -----
From: Venture Reporter
To: sales <at> venturereporter.net
Sent: Thursday, September 12, 2002 1:06 PM
Subject: Invite: Content Management Summit, Oct. 10th New York City
The online content business is doing fantastic.
Sound crazy? Perhaps. With advertising, online and off, taking it on the chin for the past two years, online
content sites have been shutting down, laying off staff and pulling back on their offerings.
However, this horrible environment has resulted in an undeniable trend: content businesses are
challenging people to pay for content. Finally, after five years of free, people are beginning to
understand that online, as in the real world, you get what you pay for and they are taking out their credit
cards. U.S. consumers spent $675 million on paid online content last year, a 92 percent increase over 2000
spending levels, according to Online Publishers Association, and that figure is expected to increase
exponentially this year. Look at these success stories:
a.. New York Times Digital has been steadily increasing its paid content services over the last year, and
registered a 16 percent increase in its total revenues for the latest quarter.
b.. TheStreet.com brought over $3 million in subscriptions last quarter, an increase of almost 50 percent
over the year-ago quarter.
c.. ConsumerReports.com will reach over a million paying subscribers by the end of this year.
d.. RealNetworks' consumer multi-media subscription service has more than 750,000 subscribers,